The Bonk cryptocurrency experienced a remarkable surge in value this week, soaring by 60% to reach $0.00002167 on April 28th. This jump followed a period of decline and represents an impressive comeback for the second-largest memecoin based on the Solana blockchain. Factors driving this impressive rise include surging trading volume and growing interest in Bonk futures, which saw a significant increase in open interest from $11 million to $43 million over a week. This resurgence in memecoin activity aligns with broader market trends, including growth in Dogecoin (DOGE) and Shiba Inu (SHIB). Overall, the total market capitalization for memecoins has seen a substantial 17.5% increase this week.